While the top- and bottom-line numbers for Antero Midstream (AM) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AM to report fourth-quarter 2025 results on Feb. 11, with steady fee-based revenue streams and modest growth expected in both earnings and sales.
Massive hyperscaler CapEx - $560B in 2024 - drives a QE-like cycle, fueling real-economy demand for data centers, power, and infrastructure. AI-driven CapEx is forced and persistent, creating bottlenecks in energy, grid, and materials, favoring infrastructure and energy suppliers. Amazon and Alphabet are executing aggressive CapEx plans, internally funded, but face higher depreciation and operational risks.
Why Dividend Stocks Are Essential For What Comes Next
We're in the early stages of a massive $85 trillion global infrastructure buildout, driven by AI, reshoring, and modernization. This capital rotation is fueling explosive demand for energy, power, and commodities—especially copper, silver, and natural gas. Old economy stocks—miners, energy, infrastructure, and equipment providers—are positioned for substantial re-rating and long-term alpha.
Recent years have seen the U.S. continue on its path of increasing the nation's already staggering defense budget, and the E.U. conclude it needs to remilitarize with a program worth nearly $1 trillion.
The asset management firm acquired 510,000 shares of Antero Midstream in the third quarter. The transaction represents about 1.94% of reported 13F AUM.
The market appears expensive, with historical precedent for long periods of low returns after peaks. Consensus expects 15% S&P 500 earnings growth and rising margins, driven by AI innovation, supporting a steady long-term outlook. Analyst forecasts for 2026 should be viewed skeptically, as actual outcomes often diverge from consensus projections.
AM posts higher revenues on stronger gathering volumes, but rising operating costs weigh on quarterly earnings.
Antero Midstream met expectations with its Q3 2025 results. These results were similar to its Q2 2025 results, with gather volumes down 1% to 2% quarter-over-quarter but up 4% to 5% versus last year. The expectations are for similar Q4 2025 results as well.
Although the revenue and EPS for Antero Midstream (AM) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Here is a look at what to expect from energy stocks AM, AR, CVI, EQNR, and PSX ahead of their quarterly earnings reports, which are set to be released on Oct. 29.